SiFi - About the company
SiFi is a series A company based in Riyadh (Saudi Arabia), founded in 2021 by Ahmed Alhakbani. It operates as a Provider of expense management platform for small and medium-sized enterprises. SiFi has raised $30M in funding from investors like Raed Ventures, Sanabil and Khwarizmi Ventures. The company has 3343 active competitors, including 320 funded and 257 that have exited. Its top competitors include companies like Brex, Ramp and Zaggle.
Company Details
Provider of expense management platform for small and medium-sized enterprises. The platform offers tools for managing expenses, including real-time transaction tracking and custom approval workflows. It facilitates the issuance of physical and virtual cards with built-in controls. The platform automates accounting processes and streamlines employee reimbursements. It also provides payment solutions for local suppliers and international transfers.
- Website
- www.sifi.app/ar
- Social
- Email ID
- *****@sifi.sa
Key Metrics
Founded Year
2021
Location
Riyadh, Saudi Arabia
Stage
Series A
Total Funding
$30M in 3 rounds
Latest Funding Round
Investors
Ranked
107th among 3343 active competitors
Employee Count
4 as on Jul 01, 2024
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SiFi's funding and investors
SiFi has raised a total funding of $30M over 3 rounds. Its first funding round was on Feb 04, 2022. Its latest funding round was a Series A round on Feb 11, 2026 for $*****. 10 investors participated in its latest round. SiFi has 14 institutional investors.
Here is the list of recent funding rounds of SiFi:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 11, 2026 | 9297099 | Series A | 7291219 | 7300479 | 1997420 | 5329180 |
Jun 03, 2024 | 3762558 | Seed | 2065558 | 6756195 | 5416001 | |
Feb 04, 2022 | 9952487 | Seed | 7624080 | 7804372 |
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SiFi's founders and board of directors
Founder? Claim ProfileThe founders of SiFi is Ahmed Alhakbani. Ahmed Alhakbani is the CEO of SiFi.
Here are the details of SiFi's key team members:
- Ahmed Alhakbani: Co-Founder and CEO of SiFi.
View details of SiFi's Founder profiles and Board Members
SiFi's employee count trend
SiFi has 4 employees as of Jul 24. Here is SiFi's employee count trend over the years:
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SiFi's Competitors and alternates
Top competitors of SiFi include Brex, Ramp and Zaggle. Here is the list of Top 10 competitors of SiFi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Brex 2017, Draper (United States), Acquired | Provider of financial software platform, cards, banking, expense, and accounting | $1.2B | 85/100 | |
2nd |  Ramp 2019, New York City (United States), Series E | Provider of a platform for spend management, corporate cards, and payables | $2.44B | 85/100 | |
3rd | Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows | $13.7M | 83/100 | ||
4th | Intuit 1983, Mountain View (United States), Public | Provider of financial, accounting, tax preparation, and marketing automation software | - | 82/100 | |
5th | Provider of GST billing, inventory, and accounting software for small businesses | $35.9M | 80/100 | ||
6th |  Navan 2015, Palo Alto (United States), Public | Provider of a platform for business travel and expense management | $1.58B | 80/100 | |
7th | Provider of spend management platform with virtual and physical card options | $434M | 80/100 | ||
8th | Provider of employee benefits and expense management via a smartcard | $328M | 79/100 | ||
9th | App & cloud-based accounting and financial management solutions for businesses | $442M | 77/100 | ||
10th | Provider of digital accounts, prepaid cards, and payment processing services | $50M | 76/100 | ||
107th |  SiFi 2021, Riyadh (Saudi Arabia), Series A | Provider of expense management platform for small and medium-sized enterprises | $30M | 54/100 |
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SiFi's Investments and acquisitions
SiFi has made no investments or acquisitions yet.
Reports related to SiFi
Here is the latest report on SiFi's sector:
News related to SiFi
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The SIFI expenses management startup raises 10 million dollars to continue growing in Saudi Arabiaesdelatino.com•Jun 03, 2024•SiFi, Public Investment Fund, Sanabil, Raed Ventures and 7 others
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“Saudi Arabian Spend Management Platform SiFi Raises $10M in Seed Funding to Fuel Growth in MENA Region”Global Village Space•Jun 03, 2024•SiFi
•
Mastercard partners with SiFi to empower businesses in Saudi ArabiaZawya•Oct 16, 2023•Mastercard, SiFi
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